Questions
MCD1550 / MCD2140 - T1 - 2025 TEST 3 (Week 8)
Single choice
Interest on a savings account is calculated at 0.35% per month based on the minimum daily balance. The following statement lists all the transactions in an account for April–Jun one year. [table] Date | Transaction detail | Debit | Credit | Balance 01 April | balance brought forward | | | 2360.10 07 April | withdrawal | 200.00 | | 2160.10 03 May | deposit | | 100.00 | 2260.10 15 Jun | deposit | | 50.00 | 2310.10 [/table] The interest, in dollars, for the month of May is:
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